Page 10 - August 2020 Traveler

Financial Report

June Jan—June

General Fund Offering 10,489.00 52,130.57

General Fund Expenses 10,824.37 61,461.80

Shortage 335.37 9,331.23

Trinity’s last 5-year term of our mortgage financed

$295,603.24 at 3.875% 5yr ARM. Monthly payments
were $1,664.

During that 5-year span there were 7 times that offering wasn’t enough to make to the
payments, so the balance of payment was taken out of the designated fund for the

mortgage. Two of those times were in January and April of 2020.

Trinity is starting a new 5 year term. The loan’s principal is $197,441.71 at 4.375%
5yr-ARM. Monthly payments are now $1,359.65 starting on 09/01/2020.

The 7 times that there was a shortage in the past 5 years would not be a shortage
with the new payment amount. Thank you to those who give to the mortgage. An

increase in giving for mortgage isn’t necessary because of lower payment.

Please consider giving more to the general fund if you are able because that is
where there is a greater shortage.

There is $15,095.66 in the mortgage designated fund as of the end June 2020.

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